Abstract
Britain is emerging uncertainly from recession. This essay looks at the character of the recession, the financial crisis that inaugurated it and the key issues that will dominate the recovery phase. In particular, it argues that the underlying and deeply entrenched political conditions which underpinned the crisis, notably bi-partisan encouragement of a 'property-owning democracy', show no signs of abating. Without such a change, a recurrence of the crisis appears highly likely.
Original language | English |
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Pages (from-to) | 655-665 |
Number of pages | 11 |
Journal | New Political Economy |
Volume | 16 |
Issue number | 5 |
DOIs | |
Publication status | Published - 2011 |
Keywords
- Recession
- Property-owning
- Keynesianism